The Regime Posted July 8, 2011 Report Share Posted July 8, 2011 According to Bloomberg News, a business group led by Joshua Harris, the director at Apollo Global Management LLC, will purchase the Philadelphia 76ers for approximately $280 million. A spokesman for Comcast-Spectator, the holding company that owns the 76ers, said earlier this month that the team was exploring a sale: "I confirm we are in discussions, but we have no other comments at the time." http://articles.philly.com/2011-07-07/news/29747364_1_comcast-spectacor-76ers-sale Quote Link to comment Share on other sites More sharing options...
Phightins Posted July 8, 2011 Report Share Posted July 8, 2011 I am probably definitely in the minority amongst Sixer fans, but I am pretty concerned about what this means for the future. Quote Link to comment Share on other sites More sharing options...
Smitty Posted July 9, 2011 Report Share Posted July 9, 2011 I am probably definitely in the minority amongst Sixer fans, but I am pretty concerned about what this means for the future. Nah, I feel the same way. Quote Link to comment Share on other sites More sharing options...
?QuestionMark? Posted July 9, 2011 Report Share Posted July 9, 2011 Pretty cheap considering the Warriors were bought for 450 million. Why don't all of us here at OTR pool our money and buy the Hornets? Quote Link to comment Share on other sites More sharing options...
Phightins Posted July 9, 2011 Report Share Posted July 9, 2011 Nah, I feel the same way. My concern is that they are already losing money, and now they will lose more since they need to lease Wells Fargo Center. Didn't need to do this when owned by Comcast since Comcast owns WFC too. Also, all signs point to this being strictly an investment in a struggling company. Maybe we will all be wrong, and maybe David Harris will be the next Mark Cuban. There is no way of knowing. But if he is just in this to make a buck (he is buying very low), then it doesn't look too good. Quote Link to comment Share on other sites More sharing options...
ChosenOne Posted July 9, 2011 Report Share Posted July 9, 2011 Pretty cheap considering the Warriors were bought for 450 million. Why don't all of us here at OTR pool our money and buy the Hornets? Lol because we dont want to waste our money. Quote Link to comment Share on other sites More sharing options...
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